formation in choice under risk. Three novel experiments are presented that demonstrate the ability of the new theory to explain …In confidence theory, the decision maker relies on statistical regularities from the economic environment to adopt … confidence theory is an elaboration of Viscusi's prospective reference theory and accounts for the robust violations of expected …

We discuss when and why custom multi-factor risk models are warranted and give source code for computing some risk … factors. Pension/mutual funds do not require customization but standardization. However, using standardized risk models in … quant trading with much shorter holding horizons is suboptimal: 1) longer horizon risk factors (value, growth, etc …